Posted by Ed Garcia on March 16, 2006 at 10:06:54:
The asking price is $125,000 with 25% down this is just a start. You have to try to sweeten the deal for yourself by seeing if the seller can accommodate you by either lowering the price or give you terms and conditions, or both.
We in the business call this negotiating. You haven?t even started, you need to find out the motivation of the seller and see if there is any room for a seller carry-back.
Your desire to buy and the sellers desire to sell, should allow a compromise that could be mutually satisfactory.
I don?t know if this a truly a good deal or not based on price, but I know that if this property meets your desired needs, then that could supersede the financial aspect of this being a good deal financially based on it becoming your future home.
Remember, ?You don?t get if you don?t ask? .